Asked by Emily Rulewicz on Jun 03, 2024
Verified
A contract is an implied contract if the conduct of the parties creates and defines some of the terms.
Implied Contract
A contract formed in whole or in part from the conduct of the parties (as opposed to an express contract).
- Identify the characteristics of implied contracts through the conduct of the parties.
Verified Answer
ZK
Zybrea KnightJun 05, 2024
Final Answer :
True
Explanation :
An implied contract is formed by the actions or conduct of the parties involved, which indicate a mutual intention to enter into an agreement, even though no explicit written or spoken terms are exchanged.
Learning Objectives
- Identify the characteristics of implied contracts through the conduct of the parties.